Source: MEGAWHAT by Poliana Souto – 11/14/2024.
The company’s net profit was R$ 37.1 million, nearly 21 times higher than R$ 1.8 million in the same period of the previous year.
Orizon views advances in the regulatory agenda as a means to guide its area of operation, contributing to organic growth. According to the company’s CEO, Milton Pilão, progress in the regulated carbon credit market, approved by the Senate, and the sanctioning of the Future Fuel Law are essential points for the company’s strategy, which made several acquisitions and partnerships in the last quarter.
During the presentation of third-quarter results, Pilão and Leonardo Santos, the company’s CFO, highlighted that the potential sanctioning of the regulated Brazilian carbon credit market could lead to the maturation of the legal framework for their activities.
Furthermore, the executives expect the creation of an international carbon market, discussed during the 29th United Nations Climate Conference, COP29, to help the company sell credits to various entities and other countries, which “will positively impact activities, either in demand and/or in price.”
